Sight2026-10-04 05:16:55Sight says it is building SightEVM, a prediction-market L2 with SGT as the sole gas tokenPrediction market project Sight said it is moving ahead with SightEVM, an EVM-based layer-2 network built specifically for prediction markets. The project said the goal is to reduce reliance on gas pricing set by underlying chains. According to Sight, Robinhood Chain will remain one of the deployment networks, while its contracts will also be deployed on other EVM chains. Sight added that gas fees on SightEVM will be paid only in SGT, and that it does not plan to issue a separate token for the chain. The team also said fees, block parameters, and capacity are intended to be set by SightEVM itself, while the underlying chain will handle settlement and data availability. The update was shared by Sight in a post on X.20
Blast2026-10-03 03:18:00Blast to Shut Down After Revenue Falls to $1,793 a MonthBlast said on Oct. 2 that it will cease operations and asked users to withdraw assets back to Ethereum before Oct. 26. The shutdown caps a sharp reversal for a once high-profile Layer 2 network that had attracted more than $1.1 billion in deposits before mainnet launch and saw total value locked rise past $2 billion at its peak. According to the figures cited in the report, Blast’s monthly network revenue fell from roughly $3.5 million in June 2024 to just $1,793 in the latest month, a 99.95% drop. TVL also contracted from more than $2 billion to about $32 million, while on-chain activity weakened sharply. The report says Blast’s remaining bridge TVL is about $117.56 million, far above its DeFi TVL of $32.27 million, suggesting much of the capital left on the network is no longer active in DeFi. Blast’s closure comes as more crypto projects are shutting down in 2026, with RootData listing about 99 closures by late July across exchanges, wallets, DeFi, Layer 2, NFT, AI, and infrastructure.30
Ethereum2026-10-03 02:04:54Ethereum Layer 2 Blast to shut down as TVL drops more than 98% from peakEthereum Layer 2 network Blast said it will cease operations after concluding that the ongoing cost of maintaining the chain has exceeded the revenue generated onchain. In a post on X on Oct. 2, the team said it could not find a viable path to make the network economically self-sustaining and asked users to withdraw assets back to Ethereum mainnet, including balances held in Blast’s progressive web app. The normal withdrawal window will remain available until Oct. 26, 2026, though the first step in the shutdown process requires retrieving assets Blast placed in Lido, a process expected to take about one week and temporarily pause withdrawals. Data from DefiLlama shows Blast’s total value locked reached about $2.26 billion on June 6, 2024, but had fallen to roughly $32 million as of Oct. 3, a decline of more than 98%. Blast launched in November 2023 and promoted automatic yield on deposited ETH and stablecoins through ETH staking and real-world asset protocols. The Block previously reported that the project raised $20 million led by Paradigm and Standard Crypto, with mainnet going live in February 2024. The Block also said the BLAST token fell 17% on the day of the shutdown announcement, leaving its market capitalization at about $23 million.50
Base2026-10-02 17:06:56Base says its network runs through weekends while stock markets closeBase, the Layer 2 network backed by Coinbase, said on X that while stock markets close on weekends, the Base network continues to operate without interruption. The post highlighted the always-on nature of blockchain infrastructure in contrast with traditional market trading hours. Base is an Ethereum Layer 2 built by Coinbase using Optimism technology. According to the project description in the source material, the network is designed to offer lower-cost and faster transactions. No additional operational update or product change was disclosed in the post referenced by Techub News.20
Blast2026-10-02 16:47:18BLAST drops more than 25% after Blast shutdown notice and Korean exchange warningsLayer 2 network Blast said it will cease operations because network revenue can no longer cover maintenance costs. After the announcement, South Korea’s two major crypto exchanges, Upbit and Bithumb, placed BLAST on their trading caution lists. HTX market data showed the token had fallen more than 25% in total, changing hands at $0.000294. Its market capitalization was about $20 million at the time of the update. The move puts fresh pressure on BLAST as exchange risk labels and the project’s shutdown notice hit the market at the same time.50
Blast2026-10-02 15:05:31Blast to Shut Down, Users Urged to Withdraw Assets to Ethereum MainnetLayer 2 network Blast said it will cease operations, citing an economic model that no longer works. The team said the ongoing cost of maintaining the network has exceeded the revenue generated by the L2, and it does not see a credible path to sustainable operations. Blast is asking users to withdraw on-chain assets and balances held in the Blast PWA back to the Ethereum mainnet. It also plans to reduce the withdrawal waiting period to 24 hours. Before reopening withdrawals, however, the team will first process the exit of Lido assets held by Blast, a step expected to take about one week. During that period, withdrawals will be temporarily unavailable. Users can complete withdrawals through Blast’s standard interface until Oct. 26. After that date, funds will still be recoverable, but users will need to interact directly with the Blast Bridge contract on Ethereum Layer 1. The team said it will publish detailed instructions before the deadline.20
Blast2026-10-02 14:52:00Blast to Wind Down Operations, Tells Users to Withdraw Assets Before Oct. 26, 2026Blast said on X that it will shut down and begin a phased wind-down of the network, citing economics that no longer work. The project said it originally aimed to build a chain that could sustain itself for both users and developers, but the ongoing cost of maintaining Blast now exceeds the revenue generated by the Layer 2, and the team no longer sees a credible path to making the chain economically sustainable. As part of the shutdown process, Blast asked all users to move funds from the network back to Ethereum mainnet, including balances held in the Blast PWA. To make withdrawals easier, the withdrawal delay will be reduced to 24 hours. Still, users will face a temporary pause first, because Blast plans to withdraw its Lido assets before reopening withdrawals under the new delay window. That step is expected to take about one week. Blast said users should complete withdrawals through the standard Blast interface by Oct. 26, 2026. After that date, funds will remain withdrawable, but users will need to interact directly with the Blast bridge contract on Ethereum L1. The project said detailed instructions will be released before the deadline.20
Blast2026-10-02 14:52:40Blast to wind down its L2 network, urges users to withdraw assets before Oct. 26, 2026Blast said it will gradually shut down its Layer 2 network after concluding that the chain’s economics no longer support long-term operation. In a post on X, the project said its original goal was to build a network that could sustain itself while serving users and developers, but ongoing maintenance costs have now exceeded the revenue generated by the L2. The team added that it does not currently see a credible path to economic sustainability and has therefore decided to end Blast’s operations. Blast said its immediate priority is to make the shutdown process as smooth and secure as possible, while apologizing to users and developers who used, built on, and supported the ecosystem. All users have been asked to withdraw assets to the Ethereum mainnet, including balances held in Blast PWA. The project plans to reduce the withdrawal waiting period to 24 hours, but withdrawals will remain unavailable at first because Blast will begin by processing the exit of its Lido assets, a step expected to take about one week. After that process is complete, withdrawals will resume with the 24-hour waiting period. Users can withdraw through Blast’s standard interface until Oct. 26, 2026. After that date, assets will still be withdrawable, but only by interacting directly with the Blast Bridge contract deployed on Ethereum L1.20
